Reported source at the www.propretykhazana.com says that, IKEA is dropping its India proposals and a Parliamentary Standing Committee is against the entry of dignitary into the retail business, Indian retailers are looking for the foreign associates in cautious mood. Retailers and market experts witnessed that foreign influx and technical talent are very important to the business and might be restricted, if the Govt. do not act aggressively. It is not a zilch sum game, Indian retails requires more funds to launch it and foreign giants are eager on further limits than what they have been given at present. At this moment, the retail segment has to be aided by Govt. plans and not by other ways.

According to the sources said at the www.propertykhazana.com, foreign and domestic investment in retail segment has also demanded a coverlet bar on domestic company VIP and foreign retailers from giving entry into retail trade in localities like foodstuffs, fruits and vegetables. It also required limits on their big malls to sell other consumer products on opening those malls. IKEA officer said that, if we would have liked the Govt. to permit 102% FDI in retail. National Industry Director, KPMG also said that, “Firms tried to decrease the inventory and cut down the working capital cycles.” For more updates on realty market browse www.propertykhazana.com.